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    Nicholas Real Estate

    1624 Main Avenue, Clifton, NJ 07011
    (973) 725-3778
    Web Site
    Size: under 10 agents

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    Property Types

    • Commercial Lease
    • Residential Multi Family
    • Commercial Sale
    • Land

    Listings

    For Sale (28)

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    Redevelopment Zone Commercial Building
    $299,000
    0.11 Acres

    Redevelopment Zone Commercial Building

    Commercial building in redevelopment zone with vacant lot.

    101-103 E Main St, Paterson, NJ 07522
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    Renovated Two-Unit Property
    $795,000
    0.18 Acres

    Renovated Two-Unit Property

    Impeccably renovated two-unit property with modern appliances and large yard.

    481 Preakness Ave, Paterson, NJ 07502
    View details
    Updated Multi-Family Investment Opportunity
    $624,900

    Updated Multi-Family Investment Opportunity

    Completely updated two-family property in Haledon Boro, New Jersey.

    19 Zabriskie St, Haledon, NJ 07508
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    Versatile Commercial Building with Gated Lot
    $1,950,000
    5,000 SF

    Versatile Commercial Building with Gated Lot

    5000 SF commercial building on 10,000 SF lot.

    72-78 Illinois Ave, Paterson, NJ 07503
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    Residential Development Opportunity in Paterson
    $1,650,000
    0.31 Acres

    Residential Development Opportunity in Paterson

    Approved 28-unit residential project with tax abatement and parking.

    540 Broadway, Paterson, NJ 07514
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    Paterson City Commercial Building
    $999,999
    24,000 SF

    Paterson City Commercial Building

    Vacant commercial building suitable for house of worship or daycare.

    433 Park Ave, Paterson, NJ 07504
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    Paterson City Retail Business Opportunity
    $150,000
    1,600 SF

    Paterson City Retail Business Opportunity

    Retail property for sale in Paterson City, New Jersey.

    153-155 Ellison St, Paterson, NJ 07505
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    Mixed-Use Building in Downtown Paterson
    $1,700,000
    5,300 SF

    Mixed-Use Building in Downtown Paterson

    Nine-unit building with residential and commercial spaces in downtown Paterson.

    153-155 Ellison St, Paterson, NJ 07505
    View details
    Three-Story Multi-Family Home
    $585,000
    0.06 Acres

    Three-Story Multi-Family Home

    Multi-family home featuring multiple bedrooms and full basement.

    124 E Main St, Paterson, NJ 07522
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    Vacant Lots in Paterson City
    $825,000
    0.23 Acres

    Vacant Lots in Paterson City

    Two adjacent vacant lots totaling 10,000 sq ft.

    93-99 N 9Th St, Paterson, NJ 07522
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    Paterson City Commercial Opportunity
    $2,800,000
    10,000 SF

    Paterson City Commercial Opportunity

    Prime commercial property suitable for car lot, mechanic, or auto body.

    862-868 E 26Th St, Paterson, NJ 07513
    View details
    Newer Two-Family Home in Paterson
    $699,000
    0.06 Acres

    Newer Two-Family Home in Paterson

    Two-family home with finished basement and garage in Paterson City.

    496 E 24Th St, Paterson, NJ 07514
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    New Two-Family Home, Paterson City
    $899,000

    New Two-Family Home, Paterson City

    New two-family home in Paterson City, convenient location.

    27 Robert St, Paterson, NJ 07503
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    Well-Maintained Belleville Twp. Fourplex
    $949,900

    Well-Maintained Belleville Twp. Fourplex

    Spacious four-family property near transportation, shopping, and schools.

    12 Harrison St, Belleville, NJ 07109
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    Paterson City Commercial Building
    $499,000
    4,368 SF

    Paterson City Commercial Building

    Two-story building with basement in high-traffic area.

    84 Ellison St, Paterson, NJ 07505
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    Well-Kept Multi-Family Home
    $649,000

    Well-Kept Multi-Family Home

    Upgraded two-unit house with extra third-floor living space.

    233 Howe Ave, Passaic, NJ 07055
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    Two-Story Multi-Family Home
    $769,990

    Two-Story Multi-Family Home

    Two-family home in Paterson City with separate utilities.

    28 Buffalo Ave, Paterson, NJ 07503
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    Residential Land Near Lake
    $125,000
    0.35 Acres

    Residential Land Near Lake

    Land for sale across from the lake, ready to build.

    628-630 Lake Shore Dr, Hewitt, NJ 07421
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    Renovated Multi-Family Home in Paterson
    $649,800
    0.06 Acres

    Renovated Multi-Family Home in Paterson

    Completely renovated multi-family home with modern amenities in Paterson City.

    112 4Th Ave, Paterson, NJ 07524
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    Fixer Upper Storefront Near Hospital
    $175,000
    0.04 Acres

    Fixer Upper Storefront Near Hospital

    Storefront property in as-is condition near Virtua Health Center.

    1476 Mount Ephraim Ave, Camden, NJ 08104
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    30,000 SF Warehouse For Sale
    Contact for pricing
    30,000 SF

    30,000 SF Warehouse For Sale

    30,000 SF warehouse with office and storage space available.

    72 2Nd Ave, Paterson, NJ 07514
    View details
    Updated Mixed-Use Building in Paterson
    $1,700,000
    5,300 SF

    Updated Mixed-Use Building in Paterson

    Nine-unit building with residential and commercial spaces in downtown Paterson.

    153 Ellison St, Paterson, NJ 07505
    View details
    Prime Commercial Land Opportunity
    $1,590,000

    Prime Commercial Land Opportunity

    High-visibility vacant land ideal for commercial or retail development.

    468 Haledon Ave, Haledon, NJ 07508
    View details
    Newark Mixed-Use Investment Opportunity
    $1,999,999
    5,573 SF

    Newark Mixed-Use Investment Opportunity

    Operating bar/restaurant with apartments in prime Newark location.

    187 Bloomfield Ave, Clifton, NJ 07011
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    72 Illinois Ave, Paterson City, NJ 07503
    $1,950,000
    5,000 SF

    72 Illinois Ave, Paterson City, NJ 07503

    Flex space • 5,000 SF

    72 Illinois Ave, Paterson, NJ 07503
    View details
    Income-Generating Car Wash and Dealership
    $799,000
    3,115 SF

    Income-Generating Car Wash and Dealership

    Car wash and dealership property for sale, generating monthly income.

    240-250 River St, Paterson, NJ 07501
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    Renovated Two-Family Home
    $649,900

    Renovated Two-Family Home

    Two-family home with modern updates and full basement.

    112 4Th Ave, Paterson, NJ 07524
    View details
    Two-Family Home with Additional Space
    $585,000

    Two-Family Home with Additional Space

    Two-family home with potential for additional living space.

    124 E Main St, Paterson, NJ 07522
    View details

    For Lease (6)

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    New Construction Retail/Office Space
    Contact for pricing
    2,614 SF

    New Construction Retail/Office Space

    New construction retail/office space available in 2026.

    587 River St, Paterson, NJ 07524
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    Clifton City Warehouse For Rent
    $2,055,000

    Clifton City Warehouse For Rent

    Warehouse/Industrial property available for lease in Clifton City, NJ.

    207 Valley Rd, Clifton, NJ 07013
    View details
    Two-Story Building with Full Basement
    $3,500 / Mo

    Two-Story Building with Full Basement

    Vacant two-story building with basement, suitable for retail.

    84 Ellison St, Paterson, NJ 07505
    View details
    Spacious Multi-Level Home For Rent
    $3,700 / Mo

    Spacious Multi-Level Home For Rent

    Four-bedroom home with attached garage, convenient location, available for rent.

    204 Burgess Pl, Passaic, NJ 07055
    View details
    Renovated Unit with Spacious Bedrooms
    $12 SF/Yr

    Renovated Unit with Spacious Bedrooms

    Renovated unit featuring 3 bedrooms, open floor plan, includes utilities.

    163 Meade Ave, Passaic, NJ 07055
    View details
    Light Filled Two-Bedroom Unit
    $12 SF/Yr

    Light Filled Two-Bedroom Unit

    Second-floor unit with hardwood floors, separate utilities.

    238 Sherman St, Passaic, NJ 07055
    View details

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    Nicholas Real Estate
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Nicholas Real Estate
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